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in chicago, and house speaker john boehner was already hinting at another major fight in congress over taxes and spending. >> in order to garner republican support for new revenues, the president must be willing to reduce spending and shore up entitlement programs that are the primary drivers. mr. president, this is your moment. we're ready to be led, not as democrats or republicans, but as americans. >> president obama will make a statement tomorrow in the east room. the automatic spending cuts and tax hikes kicked in january 1st if washington can't reach a deal. a lot of people fear it's going to be a repeat of what happened in 2011 when the republicans 4e8d the debt ceiling hostage to get what they wanted. but thing, i guess, you could say are a bit different. we are two days removed from a landslide victory, as well as a new 55-45 democratic senate majority. the president is also the winner of the popular vote. did you hear that, republicans? winner of the popular vote with the majority of the country supporting him. the only area in government where the democrats fell shot was in the co
that majority. i was encouraged to hear that speaker boehner agree that tax revenue has to be part of this equation. so i look forward to hearing his ideas when i see him next week. and let me make one final point that every american needs to hear. right now, if congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody's taxes will automatically go up on january 1st. >> let's bring in our chief white house correspondent, jessica yellin. let's move the story a little bit. the president is going to on a trip overseas but he's got to get involved deeply in negotiation. his top aides will be meeting with the republicans on the hill. >> in the coming days the president has invited the leaders of the house and the senate, to talk about these negotiations and begin basically laying out where each side stands. right now what we know is that the major sticking point is over this tax rate for the top earners. the president as you just heard saying the tax rates for those making $250,000 and up must increase. house republicans making it c
, we have the president winning re-election. we have john boehner returning to the speakership. harry reid returning. to being the senate majority leader. and while the status quo was the big winner last tuesday, the history books will not remember the names john boehner and harry reid as long as they will remember what this re-election meant for president barack obama. >> that's exactly right. it is a ratification. it is an affirmation historically. you could argue that maybe one of the reasons he's crying is he's going to have to deal with john boehner and harry reid going forward. so there could be a very practical trigger there. but certainly, i mean, what mike and john have said is exactly right. it's an important moment. he's the third democrat, fourth democrat, to do this in a century. woodrow wilson, franklin roosevelt, bill clinton and barack obama. not bad company to be in. >> by the way, i heard you say that on wednesday morning. who was the democrat -- the last democrat before that to do it? >> well -- >> that's a test. >> -- that is a test. >> jackson? >> i guess it would
wants tax cuts for the wealthy to extire. house speaker john boehner drawing this line in the sand. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> white house correspondent brianna keilar is live from washington, d.c. for us this morning. brianna, speaker boehner seemed to be offering the president on olive branch earlier this week when he talked about the possibility of increasing revenue. but here he's taking a hard stance against tax increases. what does that say about the chances of a compromise? >> well, it may actually sound kind of like it's splitting hairs. but it's really two different things where he's talking about increasing tax rates. he says he's not okay with that. but he would be maybe okay, maybe amenable to increasing revenue. to bringing in more tax dollars, because there is a difference. and what he's saying is part of a chorus of conciliatory language that we're hearing from democrats and republicans on the hill. listen to more of what john boehner said in that interview. >> -- talk a
and republican house speaker john boehner are talking about a new spirit of cooperation. but there are battles ahead and we have a team of correspondents covering this fresh start with old players in washington. first, nancy cordes with the president. >> reporter: the president and his family boarded air force one in chicago this afternoon after a visit to campaign headquarters where president obama embraced his campaign manager, jim messina, and elated staffers and volunteers. despite all the talk beforehand of a razor tight race, in the end president obama captured all but two of the states he won in 2008. i just spoke with governor romney and i congratulated him and paul ryan on a hard-fought campaign. (applause) we may have battled fiercely, but it's only because we love this country deeply and we care so strongly about its future. >> reporter: before a cheering crowd of thousands in south chicago, president obama laid out an ambitious second-term agenda: deficit reduction, tax code reform, immigration reform, and energy independence. big goals that have inspired and divided the two partie
. >> sounds promising. tonight house speaker boehner ruled out any deal that lets any tax rates go up. >> raising tax rates is unacceptable. >> vice president biden told reporters that democrats gave a clear mandate that promises the same over and over again. >> another tax cut that favors the wealthy is not change. i won't turn medicare into a voucher to pay for another millionai millionaire's tax cut. i want to make sure that the wealthiest households pay a little more. >> keeping them honest, voters did vote in the popular vote. they increased the democratic lead in the senate. however, they preserve republican control of the house. no matter how ugly you think the tone in washington has been over the last four years, no matter how childishly you think a lot of lawmakers have acted, on a structural level who controls what, may be less change than meets the eye which is why what you will hear in coming weeks will sound less like this. >> everything doesn't have to be a fight. everything doesn't have to be a fight. >> more like this. more like each side getting ready for an epic figh
on abz house speaker boehner ruled out any deal that lets any tax rates go up. >> raising tax rates is unacceptable. and frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> vice president biden, meantime, told reporters off camera the voters gave democrats a clear mandate on taxes by re-electing a president who promised the following over and over again. >> another $5 trillion tax cut that favors the wealthy is not change. i'm not going to turn medicare into a voucher just to pay for another millionaire's tax cut. i'm going to lower taxes for middle class folks. let's also make sure the wealthiest households pay a little bit more. >> keeping them honest, americans did vote for that by a slim majority in the popular vote and comfortable majority in the electoral college. they also increased the democratic lead in the senate. however, they preserve republican control of the house so no matter how ugly you think the tone in washington has been over the last four years, no matter how childishly you think a lot of lawmakers have acted on a structural level,
. john boehner doesn't have the leverage he used to have. on a conference call he told house republicans they had to avoid the nasty showdowns that mark so much of the last two years. senate republican leader mitch mcconnell was the number one obstructionist in the president's first term. now he tells "the wall street journal" he'll do whatever it takes to get a deal. i'd be willing to pay the ransom if e we thought we were going to get the hostage out. but the hostage is what? entitlement spending. mcconnell's intention, he's willing to agree to a dollar of new taxes for every dollar in cuts. what a difference an election makes. >> i'm going to ask a question on the stage. they seau had a real spending cuts deal, 10 to 1. spending cuts to tax increases. spooker, you're already shaking your head. but who on this stage would walk away from that deal? would you raise your hand about not raising taxes. >> remember in 2011 republicans would not take a 10 to 1 tax cut deal? now today mitch mcconnell is willing to do a 1 to 1 deal. republicans lost all of their leverage in this election. they
boehner come to an agreement. because i believe anything they agree to is something that will pass the senate. so it's really the house and the presiden president. >> -- is very remote. i think we're more likely to postpone the spending cuts. i think that would be disastrous for the economy. and i think we're likely to let the tax cuts expire than come back in january and cut the taxes for at least 98% of americans. >> joining me now to map out a timeline, nbc white house correspondent mike viqueira who joins me from right there in the white house. so are you getting a sense of the schedule of these events? >> reporter: the schedule is pretty much up in the air. pretty remarkable that john yarmouth, house democrat from kentucky is basically saying let's go over the cliff because we're never going to come to an agreement. the trouble is that cliff if we go over it, the congress at budget office itself says over the next course of the year if those tax cuts kick in, more than $1 trillion in new added taxes to the american people. plus that sequester, that automatic cuts to defense an
to retire. i think mr. john boehner wants to work out a deal. i really do. he has to get through. kantor and some of the others on the extreme right. -- eric cantor and some of those on the right. i do not like the extremism. it is not helpful to the country at all. host: thank you for the call. we read this at the top of the program. on our twitter page, there is this -- nancy cook puts it this way. "game of chicken." her answer, probably not. george is on the phone from the line for republicans. caller: i just think when the voters spoke on the past election that we as citizens are being shortchanged. we vote our -- our constituents voted for representatives, but we are not being represented. in the last 30 days of the campaign, i decided to be an independent. i was not convinced everybody was being fairly treated with the tax cuts. therefore, i believe speaker john boehner, rip cantor, reid, and the president to sit down and realize we elected them to look out for our best interests. what we do not get that, you get the backlash you got on the last election. host: a couple of other op
center, of course there was a but, you heard john boehner in particular, talking about the fact that on the issue that has divided them over the past year or so on this fiscal cliff issue, taxes, saying very clearly he does not want to raise taxes. but he also put out an olive branch, anderson, he said maybe he would be for some kind of -- raising some kind of revenue. he didn't say what that means but talked about broad tax reform as it relates to entitlement reform. on the other side of the capital, you saw right over there, the senate majority leader harry reid feeling like he was leveraging here, it was a clear-cut issue, but also because of the mechanics of it. if nobody does anything, taxes for everybody will go up. so democrats realize that, they feel like any have leverage and they're probably right. >> and there's motivation to try to do something on that. >> exactly. >> there was a private conference call that boehner had with his caucus. what do you know about it? >> we were told this was a call where all house republicans were invited to this. he was very sober and h
with house speaker john boehner. to begin talks on how to prevent the country's economy from going over the so-called fiscal cliff. both boehner and snart majority leader harry reid sounded conciliatory notes yesterday. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans, but as americans. >> it's better to dance than to fight. it's better to work together. >> boehner even opened the door to raising new revenues, code for taxes, though not through tax rates. he does put on some conditions. >> in order to garner republican support for new revenues, the president must be willing to reduce spending and shore up entitlement programs that are the primary drivers of our debt. >> so that is a shift in a negotiating position. now boehner suggested temporarily extending the current tax rates, pushing serious negotiations on a broader tax deal into 2013. while the president has hinted in the past that he's willing to include the issues of social security and medicare in the fiscal negotiations, what's not clear is whether the rest of his party is going to
. igor, back to more serious stuff we ought to be talking about. so john boehner is saying hey we can have -- we can find some common ground here and republicans are quick to say yeah, let's follow the boehner thing. when you look at what boehner is saying about how to avoid the fiscal cliff he's not saying we're going to agree with president obama on anything yet right? >> not yet. at least publicly, he's just reheating the old romney proposal which is if you close deductions, that's where you get your revenue. not from letting the high end tax cuts expire. the high-end tax cuts expire. what obama had been campaigning on and what voters want overwhelmingly. so you know, the administration has actually been fairly optimistic about where boehner is and negotiating with boehner and negotiating maybe with some of the rank and file who are more likely to come to an agreement. maybe go into the senate. and doing this very publicly. they're meeting with a lot of groups with labor groups, with business groups and they've
and the american people supported that stance and not rush limbaugh, speaker boehner should stand in the way. either they get in line or they can get run over and judging by the resounding welcome he got, the president got a lot of wind at his back. >> the president and vice president of the united states. [cheers and applause ] >> thank you. thank you, everybody. thank you. thank you very much. >> the support for the president's economic ideas extend far beyond that room. americans need a balance solution to our fiscal problems, not the one-sidedness that the gop is pushing. >> on tuesday night, we found out that the majority of americans agree with my approach and that includes democrats, independents, and a lot of republicans across the country as well as independent economists and budget experts. that's how you reduce the deficit, with a balanced approach. i want to be clear, i'm not we hadded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. but i refuse to accept any approach that isn't balanced. i am not going to
boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture of the white house. we are waiting for the ceos to start tricking out of the white house. they are in a meeting right now with president obama talking about the fiscal cliff, talking about ways to get the deficit and debt situation in this country in order. as soon as those ceos start coming out, they include the ceo of honeywell, ibm, a number of ceos in industrial businesses. of course, the only financial services representation there is american express. no other bank was invited to this meeting. as soon as these guys and gals start walking out, we'll bring you some interviews with them. president obama held a press conference meanwhile today on everything from the fis
by house speaker john boehner-- suggested a deal was possible, and invited the president to make a proposal. said boehner, "this is your moment. we want you to lead." >> we're willing to accept new revenue under the right conditions. what matters is where the increased revenue comes from and what type of reform comes with it. does the increased revenue come from what the government taking a larger share of what the american people earn through higher tax rates? or does it come from a byproduct of growing our economy energized by a simpler cleaner fairer tax code with fewer loopholes and lower rates for all. >> reporter: it all signaled a quick return to earth, after the jubilation of election night that swept up even chicago mayor rahm emanuel, during a live interview with the "newshour's" ray suarez. the president built his victory over mitt romney on a series of wins in battleground states, giving him 303 electoral votes-- 33 more than needed. he also was running ahead in florida, for another 29 electoral votes, but the state had not yet been called after long lines on tuesday held up the
with john boehner, the senate republican leader mitch mcconnell. is he planning on sitting down with those two republican leaders any time soon? is the white house saying? >> reporter: there's nothing announced for a leaders meeting so far. but i am certain, wolf, that that will be coming because there's such important negotiations ahead. i'm told that the president's conversation with speaker boehner was courteous, it was brief. and i'm told that they also discussed the importance of keeping their public statements vague or general enough so that they leave themselves enough private negotiating room to get a deal done to avoid the fiscal cliff, wolf. >> that's probably smart too. thanks very much for that, jessica. let's dig a little bit deeper right now with our chief political analyst gloria borger. isn't his responsibility right now though to take the first step, offer a proposal to boehner, to mcconnell, to the republicans? we assume that the democrats, nancy pelosi would go along and harry reid would go along with the president. >> well, i think as jessica's saying, the president bel
. look, i think the white house was pleasantly surprised and open to what john boehner said. i mean, obviously, they appreciated what they thought was a very thoughtful and well thought out position that speaker boehner made publicly about where he sees the negotiations, where he's publicly putting out there where he's willing to move for now. obviously, everything's in negotiation, everything's a little bit of posturing. but it certainly was a much different tone, for instance, than what came out of mitch mcconnell's office office the election, and we've plowed through that plenty. i think what you're going to see now is the white house wants to attack a little bit of time, be thoughtful how public -- what they say publicly versus how much maneuverer ability is there. the other unnamed player is chuck shumer. chuck schumer publicly said i like simpson bowls in the it made an effort but i don't like what they're trying to do with taxes. we can't do this with tax reform. taxes should go up. he wants to move the negotiating position on the democrats in a little bit of a different dire
steinhouser is following all the developments. >> you were just showing pictures of house speaker john boehner, the top republican in congress, and harry reid, the senate majority leader, he's the top democrat in congress. they came before our cameras yesterday in washington, john. they did talk about the election being a voice from the american voters for a call for compromise. and you heard both men talking about working together to fix the country's problems along with the president. but at the same time, you also heard both men laying down markers and both men disagreeing on whether whether it comes to the fiscal cliff the wealthy should be taxed. take a look at what they said. >> it won't solve the problem of our fiscal imbalance overnight. certainly won't do it in a lame duck session of congress. and it won't be solved simply by raising taxes or taking a plunge off the fiscal cliff. >> the vast majority of the american people rich, poor, everybody agrees that the rich, richest of the rich have to help a little bit. >> another disagreement, john boehner the house speaker talking about doi
with their money. thank you for joining us. >>> last night house speaker john boehner -- also, he's not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear yesterday that raising tax rates is unacceptable and frankly it couldn't even pass the house. >> at issue here is this perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it dun for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's night mare combination of tax hikes and spending cuts the president agreed to to force themselves into a compromise. so far, they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expeer. the alternative minimum tax kicks in. more than half of all married couples with
of them voted democratic and half of them live in hollywood. >> reporter: but house speaker john boehner rejects any hike in tax rates. he would raise revenues by closing loopholes in the tax code. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: failure to agree by the end of the year would trigger deep spending cuts and tax cuts. that could mean $2,000 more in taxes for the typical household. the jobless rate soaring to 9.1% by the end of the year. and possibly, another recession. boehner and the president were close to a deal last year. the so-called grand bargain, 4 trillion in debt reduction. many think that blueprint still works. >> and the real problem is, uncriminaled entitlement spending and a government that has grown massively. not just under this administration. >> reporter: experts warn of serious damage to the economy, if the standoff drags on. >> three or four weeks from now, they're making no progress at all, you're going to see the anxiety and the nervousness growing in the markets and the corporate board rooms
Search Results 0 to 49 of about 156 (some duplicates have been removed)